The Favorite: Real Quiet won the Kentucky Derby as a minor long shot and in the Preakness Stakes was the second choice. In both races, he defeated an up-and-coming colt with a big closing kick, Victory Gallop. The Spoiler: Victory Gallop, after a pair of runner-up efforts, was poised to turn the tables on his rival.
Both hedge funds and private equity funds appeal to high net worth individuals (many require minimum investments of $250,000 or more), traditionally are structured as limited partnerships and involve paying the managing partners basic management fees plus a percentage of profits.
The $12-billion hedge fund took its largest position ever in company history. Billionaire activist investor Nelson Peltz made headlines yesterday when his $12 billion hedge fund, Trian Partners, took its largest position ever -- a $2.5 billion stake -- in General Electric (NYSE:GE), making the fund a top-10 owner of the stock.